We continue to follow updates about the coronavirus COVID-19 pandemic and remain committed to sharing resources and support for small businesses navigating our collective new normal.
Moment by moment, the circumstances surrounding this global health crisis are changing the way we work. There are entirely new sets of challenges we face as distributed workforces. We must simultaneously band together while at the same time physically practice social distancing. As a result, a significant portion of the world’s workforce is participating in the largest work-from-home experiment ever seen.
Continue Reading “9 Tips to Protect Your Company from Cyber Threats Amid the Coronavirus COVID-19 Pandemic”
We continue to follow the effect of the coronavirus disease (COVID-19) on small businesses across the nation. We know many of our customers and small business owners are anxiously awaiting news related to support, relief, and financial assistance. We’ve compiled a list of common questions about business insurance and how policies will or will not likely respond to events arising from the pandemic.
Continue Reading “Crisis Comm: Organizing Swiftly in the Midst of the Coronavirus COVID-19 Pandemic”
Risk. It’s not always the first thing that comes to mind when you think about your business. Yet, all businesses face risks. Some businesses face greater risks than others and have particularly unique risk profiles. Read on for six risks common to small businesses and the kind of insurance that protects against them.
Continue Reading “6 Common Risks Small Businesses Face and What Insurance Protects Your Business”
In today’s litigious society, e-commerce companies need foresight to see potential risks before they occur. One example of this is product liability risks. If a product fails or causes injury to a buyer, then the manufacturer is usually at fault. However, what about e-commerce companies? Countless online companies sell products every day. If these products fail, is online retailer potentially at fault in addition to the product manufacturers? Continue Reading “Do E-Commerce Companies Need Product Liability Insurance?”
An insurance broker is an intermediary between the insured and the insurance companies, or carriers, providing the insurance. However, what distinguishes a retail broker from a wholesale broker? In addition, what are the advantages and disadvantages involved in using a wholesale broker? Below, we will answer these questions in order to understand the role of a wholesale insurance broker within the broader property and casualty insurance industry.
Continue Reading “What is a Wholesale Insurance Broker?”
There are an estimated 1.4 million e-commerce companies in North America and global e-commerce sales are expected to hit an astonishing $4.8 trillion by 2021. One reason for this explosive growth is the availability and affordability of tools that make starting an e-commerce business easier than ever. Nowadays, anyone can launch an online store with minimal investment of time and money thanks to platforms and services like Shopify, Stripe, and Fulfillment by Amazon. And while these third-parties make starting and running an online retail operation easier and safer than ever, modern e-commerce companies still face a number of new risks and protecting against these threats is critical to sustained success.
Continue Reading “The Key Risks and Threats Modern E-Commerce Companies Face”
If you own a for-profit business, ordinary and necessary business expenses can be deducted from your taxes, and that includes the cost of insurance. An ordinary business expense in this context is one that is common within your industry. A necessary business expense, as defined by the IRS, is both “helpful and appropriate” for running the business.
Continue Reading “Is Business Insurance Tax-Deductible?”
If you’re at all familiar with the process of shopping for insurance for your business, it’s likely you’ve seen the terms “non-admitted” and “admitted” relative to how insurance carriers are classified. These terms can be baffling to the layman. For the purposes of this article, the terms admitted and non-admitted refer to how a particular insurance company is regulated by individual state insurance departments. Let’s take a deeper look into the differences, and why they are necessary.
Continue Reading “The Difference Between Admitted and Non-Admitted Business Insurance”
Photography is an art that has become more valued over time. With the exponential growth of technology and the new and improved cameras, lenses, and lighting, there is a limitless potential market for photographers; however, there is also vast risk. Being a professional photographer is a unique profession. The purpose of this article is to discuss three common risks that every photographer and photography business will face and how photographer’s insurance can help mitigate those risks.
Continue Reading “4 Common Business Risks That Photographers Face”
Small businesses are the foundation for future economic success; they bring forth the innovation to increase efficiency in our evolving world. However, insurance companies make it difficult to figure out when to get your first commercial insurance policy and what policy is the best fit for your company. There are many different types of policies and types of insurance for different aspects of your business. Therefore, there are a few things to keep in mind when initially considering shopping for insurance for your small business.
Continue Reading “What Kind of Insurance Do Small Businesses Need?”
Running a small business is tough. You have deadlines, payroll to meet, taxes to handle, customers with challenges, rent to pay and the list goes on. But did you know that 50% of SMBs have been breached in the past 12 months? I know what you’re thinking. Well, we are too small, who would want to go after us? We don’t have anything a hacker would want.
Continue Reading “3 Easy Ways to Increase Cyber Security for Your Small Business”